Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Holdings in Thomson Reuters Corp $TRI

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Thomson Reuters Corp (NASDAQ:TRI) by 153.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328,343 shares of the company’s stock after acquiring an additional 198,794 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of Thomson Reuters worth $43,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company’s stock worth $762,320,000 after acquiring an additional 85,684 shares during the last quarter. TD Asset Management Inc boosted its holdings in Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company’s stock worth $616,342,000 after acquiring an additional 33,418 shares during the last quarter. TLT Family Holdco ULC purchased a new position in Thomson Reuters during the 2nd quarter worth $865,442,000. SEG Family Corp. purchased a new position in Thomson Reuters during the 2nd quarter worth $659,930,000. Finally, Morgan Stanley boosted its holdings in Thomson Reuters by 31.2% during the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock worth $369,597,000 after acquiring an additional 665,743 shares during the last quarter. 17.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Scotiabank set a $138.00 price objective on shares of Thomson Reuters and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. TD Securities reaffirmed a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. UBS Group set a $185.74 price objective on shares of Thomson Reuters and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $130.00 price objective (down from $170.00) on shares of Thomson Reuters in a report on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on Thomson Reuters from $87.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.84.

Thomson Reuters Stock Performance

NASDAQ TRI opened at $81.41 on Monday. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.21 and a beta of 0.77. Thomson Reuters Corp has a one year low of $78.15 and a one year high of $218.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The business’s fifty day moving average is $88.47 and its 200-day moving average is $105.08.

Thomson Reuters (NASDAQ:TRI) last released its earnings results on Tuesday, May 5th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.05. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2 billion. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Equities research analysts predict that Thomson Reuters Corp will post 4.44 EPS for the current year.

Thomson Reuters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, May 20th. Thomson Reuters’s payout ratio is presently 76.16%.

Thomson Reuters Company Profile

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.